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AIBU?

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If you were an adult in the 70-80s...

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GetOffTheRoof · 24/08/2022 12:41

...with the interest rates so high (17-18%) and the country in a significant recession, how are you preparing for the next few years?

Is there any advice you can give? I know many things are different now - Internet, changes in food etc but is there a comparison to make? Any observations?

I'm very concerned about the knock on effect of people spending less, going out less, using less childcare etc and the subsequent loss of jobs as industries like hospitality start to crumble. Does this not lead to a spiral of yet more recession?

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